Nvidia: This Will Not End Well


  • NVIDIA Corporation’s channel partners have reported a steep decline in sales during October and November.
  • This is a clear indication that Nvidia’s sales resumption isn’t happening in Q3 FY23 and its management is likely to issue a soft revenue guidance for Q1 FY24.
  • Investors may want to avoid the chipmaker for the time being.

shows microprocessor chip

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NVIDIA Corporation (NASDAQ:NVDA) shares are down over 40% in the last year, but the shareholder’s pain may not be over yet. Latest channel data reveals that several key computing parts and peripherals manufacturers registered a steep sales

Nvidia's channel partners reporting sales declines in October and November


November sales growth rates for different industries


Nvidia's sales


Nvidia's relative valuation


Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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